ICICI Lombard General Insurance Company Ltd delivered robust financial results for the fourth quarter, with net profit rising 7.3% year-on-year to ₹547 crore compared to ₹510 crore in the same period last year. According to latest reports, the company's sequential growth was even stronger at 15.6% to ₹539 crore from ₹466 crore in the previous quarter. For the full financial year FY26, profit after tax grew by 10.5% to ₹2,772 crore compared to ₹2,508 crore in FY25, demonstrating consistent business momentum across quarters. Profit before tax increased 7.5% YoY to ₹718 crore in Q4 FY26, versus ₹668 crore a year ago, while total income rose 17.12% YoY to ₹6,618.76 crore from ₹5,651.17 crore in the March quarter of FY25.
The insurer's retail health insurance segment emerged as a key growth driver, with premiums surging 55.65% year-on-year to ₹594.47 crore compared to ₹381.93 crore in the same period last year. As reported by Live Mint, this strong performance was driven by robust demand for retail health insurance products. In the corporate segment, premiums rose modestly by 9% year-on-year to ₹1,714.20 crore, while the company's motor insurance segment, accounting for nearly half of total premiums, grew 6.24% during the quarter, led by increased vehicle sales following GST rate cuts. Gross Direct Premium Income (GDPI) for the quarter grew 18.2% YoY, outpacing industry growth of 10.9%, pointing to continued market share gains and demonstrating the company's competitive positioning in the market.
The insurer's operational performance showed significant improvement with operating profit surging 31.3% to ₹546 crore from ₹416 crore in the corresponding quarter. The company's combined ratio improved to 101.2% from 102.5% on a year-on-year basis, indicating better underwriting discipline and operational efficiency. According to CNBC-TV18, this improvement was driven by Gross Direct Premium Income (GDPI) growth of 18.2% in Q4 FY2026 versus industry growth of 10.9%, demonstrating the company's competitive positioning in the market. The insurer maintained a strong balance sheet with a solvency ratio of 2.67x as of March 31, 2026, well above the regulatory requirement of 1.50x, though marginally lower than 2.69x as of December 31, 2025, due to mark-to-market losses in its equity portfolio.
The board has recommended a final dividend of ₹7 per equity share, equivalent to 70% of the face value of ₹10 each, for the financial year ended March 31, 2026. With the proposed dividend, the company's total dividend for FY2026 has increased to ₹13.50 per share compared to ₹12.50 per share in FY2025. The dividend is subject to approval of shareholders at the upcoming annual general meeting. The company's shares ended 4.59% higher at ₹1,864 on Wednesday, reflecting positive market sentiment towards the strong quarterly performance and ahead of the Q4 results announcement.
